Shares of Groupon, Inc. (NASDAQ:GRPN – Get Rating) have been given a consensus rating of “Hold” by the seven ratings firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation and two have issued a hold recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $11.10.
A number of research analysts recently commented on the company. Barclays reduced their price target on Groupon from $6.00 to $4.00 in a report on Friday. Credit Suisse Group cut their price target on Groupon from $15.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday. Finally, StockNews.com assumed coverage on Groupon in a report on Thursday. They issued a “sell” rating on the stock.
Insider Activity at Groupon
In related news, Director Jan Barta acquired 6,716,966 shares of Groupon stock in a transaction dated Tuesday, December 20th. The stock was acquired at an average cost of $7.28 per share, with a total value of $48,899,512.48. Following the purchase, the director now directly owns 6,716,966 shares in the company, valued at approximately $48,899,512.48. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 15.90% of the stock is owned by insiders.
Institutional Trading of Groupon
Groupon Price Performance
Shares of NASDAQ:GRPN opened at $4.09 on Thursday. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.77 and a current ratio of 0.77. Groupon has a 12 month low of $3.85 and a 12 month high of $21.17. The business has a 50-day moving average of $7.45 and a two-hundred day moving average of $8.10.
Groupon, Inc operates as a global scaled two-sided marketplace that connects consumers to merchants. It operates through the North America and International segments. The company was founded by Andrew D. Mason, Eric Paul Lefkofsky, and Bradley A. Keywell in 2008 and is headquartered in Chicago, IL.
- Get a free copy of the StockNews.com research report on Groupon (GRPN)
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